3 Momentum Stocks Near 52-Week Highs to Watch for More Growth

Group 1: Stock Performance and Market Sentiment - Stocks trading at or near their 52-week highs can indicate bullish momentum, attracting investors who perceive this as a positive sign [1] - The psychological aspect of buying stocks at 52-week highs often leads to increased bidding, further driving prices up [1] - Understanding the reasons behind a stock's price movement is crucial, as stocks may rise due to factors unrelated to their underlying business, such as short squeezes [2] Group 2: Fiserv Inc. (FI) - Fiserv Inc. is a fintech company recognized for its innovation and has been listed among Fortune's "World's Most Admired Companies" for 10 of the last 11 years [4] - The stock reached its 52-week high in early March 2025, driven by news of an expected acquisition of CCV, which will enhance Fiserv's Clover platform deployment in Europe [5] - Following the acquisition news, there was a trend of profit-taking among investors, with a consensus price target of $242.32 indicating potential for further gains [7] Group 3: Darden Restaurants International (DRI) - Darden Restaurants is outperforming many consumer discretionary stocks and is trading at its 52-week high as of March 27, 2025 [8] - The company's recent earnings report showed year-over-year gains in revenue and earnings, prompting analysts to raise price targets significantly [9] - DRI stock has increased by 25% over the last 12 months and 11.8% in 2025, with a forward P/E ratio around 22x, indicating it is not overvalued despite its growth [10] Group 4: Kinross Gold Corp. (KGC) - Kinross Gold is trading at an all-time high as of March 27, 2025, in line with rising gold prices amid market volatility [11] - The stock's upward trend is supported by expectations of higher inflation due to trade tensions and concerns over U.S. debt management [12] - The upcoming earnings report in early May could serve as a catalyst for further price increases, with current consensus price targets being 6.6% lower than the stock's closing price of $12.46 [13]